July 26, 2024
Business

Court battle opens in Musk, Twitter buyout fight

Published by
AFP

Washington (AFP) – The high stakes court battle between Elon Musk and Twitter kicked off on Tuesday, as the social media firm tries to force the entrepreneur to honor their $44 billion buyout deal. The first hearing was centering on Twitter’s push to set a trial date for as early as September in a case focused on Musk’s move to walk away on allegations the platform misled him about its tally of fake accounts. Billions of dollars are at stake, but so is the future of the platform that Musk has said should allow any legal speech, an absolutist position that has sparked fears the network could be…

Read More

Related posts

US Senate passes bill to boost domestic semiconductor manufacturing

The_Proponent

U.S. job growth misses expectations in November; unemployment rate dives to 4.2%

The_Proponent

Amazon workers in New York begin voting in union election

The_Proponent

Facebook bans ads for cryptocurrencies

The_Proponent

Amazon, Berkshire, JP Morgan join forces to tackle health care

The_Proponent

Bitcoin futures launch sparks excitement, warnings

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.